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The team over at the Windows Azure blog recently updated the pricing for Azure SQL Reporting services. From the blog :

Effective today, the price for Windows Azure SQL Reporting will decrease from $0.88 per hour for every 200 reports to $0.16 per hour for every 30 reports. With this price decrease, a user who needs 30 reports per hour, for example, will pay $116.80 per month, down from our earlier price of $642.40, a reduction of 81.8%. In addition, the smaller report increment (from 200 to 30) will give customers better utilization and hence lower effective price points.